Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment includes drilling rig and related ancillary equipment services. The Production Services segment offers well servicing rig and related equipment services. This segment also provides oilfield rental equipment services to other oilfield service companies. The company had a fleet of 57 drilling rigs; and 66 service rigs. It serves crude oil and natural gas exploration and production companies. Western Energy Services Corp. is headquartered in Calgary, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Equity (BVPS)

4.63

1.22

4.97

6.69

7.63

7.48

8.10

7.11

5.65

3.98

3.86

growth rate

-73.7%

307.4%

34.6%

14.1%

-2.0%

8.3%

-12.2%

-20.5%

-29.6%

-3.0%

Earnings BIT

-5.86

-7.87

28.65

68.68

61.03

67.80

101.93

-9.84

-62.96

-32.69

-35.74

growth rate

0.0%

100.0%

139.7%

-11.1%

11.1%

50.3%

-100.0%

0.0%

0.0%

0.0%

Avg.PE

-1.40

-2.60

6.00

8.47

9.57

14.73

20.17

34.42

34.42

-1.69

-1.69

growth rate

0.0%

100.0%

41.2%

13.0%

53.9%

36.9%

70.7%

0.0%

-100.0%

0.0%

ROA

-24.30

-49.10

19.54

14.64

6.60

4.05

3.54

-13.39

-7.43

-4.83

-5.77

growth rate

0.0%

100.0%

-25.1%

-54.9%

-38.6%

-12.6%

-100.0%

0.0%

0.0%

0.0%

ROE

-70.56

-109.31

27.69

21.52

10.40

6.91

6.23

-24.23

-14.19

-9.51

-11.19

growth rate

0.0%

100.0%

-22.3%

-51.7%

-33.6%

-9.8%

-100.0%

0.0%

0.0%

0.0%

ROIC

-27.15

-56.93

23.05

17.69

9.23

6.39

5.76

-13.92

-6.57

-3.54

-4.55

growth rate

0.0%

100.0%

-23.3%

-47.8%

-30.8%

-9.9%

-100.0%

0.0%

0.0%

0.0%

Cur. Ratio

0.23

1.20

1.65

1.84

2.63

1.81

1.97

3.25

2.52

2.55

1.44

growth rate

421.7%

37.5%

11.5%

42.9%

-31.2%

8.8%

65.0%

-22.5%

1.2%

-43.5%

Quick Ratio

0.14

1.06

1.49

1.76

2.56

1.73

1.89

3.09

2.36

2.39

1.26

growth rate

657.1%

40.6%

18.1%

45.5%

-32.4%

9.3%

63.5%

-23.6%

1.3%

-47.3%

Leverage

3.00

1.51

1.41

1.50

1.65

1.76

1.76

1.87

1.96

1.98

1.90

growth rate

-49.7%

-6.6%

6.4%

10.0%

6.7%

0.0%

6.3%

4.8%

1.0%

-4.0%

Balance Sheet

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Acct.Receivable

1.80

1.00

28.10

83.30

78.50

90.52

89.82

38.44

35.00

48.12

41.08

growth rate

-44.4%

2,710.0%

196.4%

-5.8%

15.3%

-0.8%

-57.2%

-9.0%

37.5%

-14.6%

Acct.Payable

14.07

23.25

7.34

13.98

21.30

18.95

growth rate

65.2%

-68.4%

90.4%

52.4%

-11.0%

Cur.Assets

3.20

4.90

36.60

87.30

125.40

113.48

158.82

102.06

84.85

103.37

51.51

growth rate

53.1%

646.9%

138.5%

43.6%

-9.5%

40.0%

-35.7%

-16.9%

21.8%

-50.2%

Total Assets

22.40

12.20

264.10

619.60

749.40

986.79

1,057.12

876.61

793.53

760.50

667.30

growth rate

-45.5%

2,064.8%

134.6%

21.0%

31.7%

7.1%

-17.1%

-9.5%

-4.2%

-12.3%

Cash

0.10

2.40

3.50

0.00

7.10

17.39

62.66

58.45

44.60

48.83

3.96

growth rate

2,300.0%

45.8%

-100.0%

144.9%

260.4%

-6.7%

-23.7%

9.5%

-91.9%

Inventory

0.30

0.30

0.00

1.00

1.50

2.04

2.61

3.06

2.77

2.71

3.06

growth rate

0.0%

-100.0%

50.0%

36.0%

28.0%

17.1%

-9.4%

-2.1%

12.8%

Cur.Liabilities

14.20

4.10

23.50

47.50

47.70

62.87

80.49

31.38

33.73

40.51

35.77

growth rate

-71.1%

473.2%

102.1%

0.4%

31.8%

28.0%

-61.0%

7.5%

20.1%

-11.7%

Liabilities

14.90

4.10

77.30

205.30

294.70

423.37

455.92

404.91

386.32

374.35

313.50

growth rate

-72.5%

1,785.4%

165.6%

43.6%

43.7%

7.7%

-11.2%

-4.6%

-3.1%

-16.3%

LT Debt

0.80

0.00

46.10

108.00

186.90

262.88

264.17

263.39

263.91

264.43

221.02

growth rate

-100.0%

134.3%

73.1%

40.7%

0.5%

-0.3%

0.2%

0.2%

-16.4%

Equity

7.50

8.10

186.80

414.30

454.80

562.12

599.12

469.30

405.13

384.03

351.81

growth rate

8.0%

2,206.2%

121.8%

9.8%

23.6%

6.6%

-21.7%

-13.7%

-5.2%

-8.4%

Common Shares

1.00

7.00

24.00

54.00

61.00

70.00

75.00

74.00

74.00

78.00

92.00

growth rate

600.0%

242.9%

125.0%

13.0%

14.8%

7.1%

-1.3%

0.0%

5.4%

18.0%

Cash Flow Statement

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Capital Expenditures

0.60

-0.40

18.40

85.40

124.50

95.23

108.60

33.56

4.72

18.13

19.96

growth rate

-100.0%

100.0%

364.1%

45.8%

-23.5%

14.0%

-69.1%

-85.9%

284.2%

10.1%

Cash Dividends

0.00

0.00

0.00

0.00

4.50

19.95

22.27

22.33

3.68

growth rate

343.2%

11.6%

0.3%

-83.5%

Cash From OA

0.10

-3.20

11.00

59.40

104.90

114.36

181.35

90.96

16.63

24.64

33.14

growth rate

-100.0%

100.0%

440.0%

76.6%

9.0%

58.6%

-49.9%

-81.7%

48.2%

34.5%

FCF per Share

-3.55

-0.53

-0.60

-0.77

-0.37

0.01

0.87

0.89

0.32

0.12

0.08

growth rate

0.0%

0.0%

0.0%

0.0%

100.0%

8,600.0%

2.3%

-64.0%

-62.5%

-33.3%

Sale Purchase of Stock

3.17

9.69

0.15

22.75

22.75

growth rate

205.2%

-98.4%

14,672.7%

0.0%

FCF

-2.00

-3.00

-15.00

-30.00

-22.00

19.00

73.00

57.00

12.00

7.00

13.00

growth rate

0.0%

0.0%

0.0%

0.0%

100.0%

284.2%

-21.9%

-79.0%

-41.7%

85.7%

Income Statement

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Sales

12.70

3.90

56.00

262.50

308.60

379.94

507.83

227.52

124.44

238.18

236.41

growth rate

-69.3%

1,335.9%

368.8%

17.6%

23.1%

33.7%

-55.2%

-45.3%

91.4%

-0.7%

Op.Income

-2.10

-4.80

6.50

73.00

74.20

67.80

101.93

-9.84

-62.96

-32.69

-35.74

growth rate

0.0%

100.0%

1,023.1%

1.6%

-8.6%

50.3%

-100.0%

0.0%

0.0%

0.0%

IBT

-5.90

-5.90

26.20

68.70

61.00

48.25

58.76

-141.69

-83.93

-56.00

-54.69

growth rate

0.0%

100.0%

162.2%

-11.2%

-20.9%

21.8%

-100.0%

0.0%

0.0%

0.0%

Net Income

-6.00

-8.50

26.60

64.70

45.20

35.12

36.20

-129.42

-62.04

-37.53

-41.16

growth rate

0.0%

100.0%

143.2%

-30.1%

-22.3%

3.1%

-100.0%

0.0%

0.0%

0.0%

EPS

-8.60

-4.40

1.09

1.21

0.74

0.50

0.48

-1.74

-0.84

-0.48

-0.45

growth rate

0.0%

100.0%

11.0%

-38.8%

-32.4%

-4.0%

-100.0%

0.0%

0.0%

0.0%

Gross Profit

1.90

0.70

15.90

90.00

98.60

98.96

144.23

47.68

-32.77

-7.18

-14.97

growth rate

-63.2%

2,171.4%

466.0%

9.6%

0.4%

45.7%

-66.9%

-100.0%

0.0%

0.0%

Quarterly Statements

Item Name

Jun '18

Sep '18

Dec '18

Mar '19

Jun '19

Earnings BIT

-16.15

-9.03

-8.67

-5.30

-14.17

growth rate

0.0%

0.0%

0.0%

0.0%

Balance Sheet

Jun '18

Sep '18

Dec '18

Mar '19

Jun '19

Acct.Receivable

24.06

38.66

41.08

44.59

26.47

growth rate

60.7%

6.3%

8.5%

-40.6%

Acct.Payable

25.56

27.77

18.95

24.82

25.02

growth rate

8.7%

-31.8%

30.9%

0.8%

Cur.Assets

35.20

48.45

51.51

53.72

34.78

growth rate

37.6%

6.3%

4.3%

-35.3%

Total Assets

670.58

669.08

667.30

663.12

626.89

growth rate

-0.2%

-0.3%

-0.6%

-5.5%

Cash

6.04

4.78

3.96

3.05

2.68

growth rate

-20.8%

-17.1%

-23.1%

-11.9%

Inventory

3.06

growth rate

Cur.Liabilities

27.49

29.76

35.77

29.50

29.80

growth rate

8.3%

20.2%

-17.5%

1.0%

Liabilities

301.03

311.04

313.50

319.37

295.41

growth rate

3.3%

0.8%

1.9%

-7.5%

LT Debt

209.76

221.45

221.02

227.98

213.65

growth rate

5.6%

-0.2%

3.2%

-6.3%

Equity

367.51

356.02

351.81

341.76

329.67

growth rate

-3.1%

-1.2%

-2.9%

-3.5%

Common Shares

441.04

441.51

441.51

441.52

441.52

growth rate

0.1%

0.0%

0.0%

0.0%

Cash Flow Statement

Jun '18

Sep '18

Dec '18

Mar '19

Jun '19

Capital Expenditures

5.43

3.78

6.10

2.19

1.69

growth rate

-30.4%

61.6%

-64.1%

-22.9%

Cash Dividends

growth rate

Cash From OA

26.31

-1.97

4.93

5.89

17.50

growth rate

-100.0%

100.0%

19.4%

197.2%

Sale Purchase of Stock

growth rate

FCF

20.89

-5.74

-1.17

3.70

15.81

growth rate

-100.0%

0.0%

100.0%

327.8%

Income Statement

Jun '18

Sep '18

Dec '18

Mar '19

Jun '19

Sales

33.14

58.88

63.13

65.78

37.73

growth rate

77.7%

7.2%

4.2%

-42.6%

Op.Income

-16.15

-9.03

-8.67

-5.30

-14.17

growth rate

0.0%

0.0%

0.0%

0.0%

IBT

-20.63

-13.71

-13.17

-9.60

-18.94

growth rate

0.0%

0.0%

0.0%

0.0%

Net Income

-15.39

-10.08

-9.63

-7.08

-10.07

growth rate

0.0%

0.0%

0.0%

0.0%

EPS

growth rate

Gross Profit

-10.94

-4.26

-3.54

-0.25

-9.11

growth rate

0.0%

0.0%

0.0%

0.0%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.